Healthfirst Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

PATRICIA J WANG

Phone

2128016000

Tax Period

2023-01-01 to 2023-12-31

Healthfirst Inc, founded in 1993, is a micro nonprofit in the Health Care sector that reported $2K in total revenue in fiscal year 2023. Revenue surged 2412% from the prior year, signaling strong growth momentum. The organization ran a surplus of $510, a strong 25% operating margin.

Mission

TO PROMOTE THE PROVISION OF HEALTH SERVICES TO INDIGENT AND OTHER PERSONS THROUGH THE SUPPORT OF A PREPAID HEALTH SERVICES PLAN AND OTHER NOT-FOR-PROFIT HEALTH MAINTENANCE ORGANIZATIONS ENGAGED IN THE OFFERING OF MEDICAID MANAGED CARE AND OTHER FEDERAL AND STATE MANAGED CARE PRODUCTS.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

PROMOTION OF THE PROVISION OF HEALTH SERVICES TO INDIGENT AND OTHER PERSONS THROUGH SUPPORT OF A PREPAID HEALTH SERVICES PLAN AND OTHER NOT-FOR-PROFIT HEALTH MAINTENANCE ORGANIZATIONS ENGAGED IN THE OFFERING OF MEDICAID MANAGED CARE, MEDICARE MANAGED CARE AND OTHER FEDERAL AND STATE MANAGED CARE PRODUCTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $2,010

Other Revenue $0

TOTAL REVENUE $2,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,500

TOTAL EXPENSES $1,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,010	$80	+24.1%
Expenses	$1,500	$2,303	-0.3%
Net Income	$510	$-2,223	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$9,083,803

Total Directors

$5,494,316

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA J WANG	PRESIDENT AND CEO	1.0	Officer Director	$0	$525,317	$4,821,128
JOHN J BERMEL	CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$37,654	$2,020,312
GERALD T SWEENEY	SVP CHIEF INFORMATION OFFICER	1.0	Highest	$0	$186,137	$1,693,437
LINDA TIANO	CLO/SECRETARY ENDING 6/2023	1.0	Officer	$0	$52,444	$1,462,057
SEAN KANE	CHIEF HR OFFICER	1.0	Highest	$0	$164,050	$1,425,978
JAY SCHECHTMAN	CHIEF MEDICAL OFFICER	1.0	Highest	$0	$155,676	$1,422,822
STEVEN H BLACK	COO END 3/2022	0.0		$0	$0	$1,235,794
BARBARA MONTRESOR	SVP Comm & Marketing	1.0	Highest	$0	$124,773	$1,188,400
KAREN WEINSEISS	SVP Operations	1.0	Highest	$0	$155,758	$1,171,056
ROBERT P BLANCHARD	Treasurer	1.0	Officer	$0	$47,075	$405,868
KATHRYN HOWELL	CLO/SECRETARY BEGINNING 7/2023	1.0	Officer Director	$0	$71,250	$374,438
Rahul Rajkumar	DIRECTOR Begin 4/2022	1.0	Director	$0	$0	$108,750
FRANK MCCAULEY	DIRECTOR	1.0	Director	$0	$0	$100,000
CLAIRE BURNS	DIRECTOR	1.0	Director	$0	$0	$90,000
MIGUEL A FUENTES JR	DIRECTOR	1.0	Director	$0	$0	$0
HOWARD B GOLD	DIRECTOR Ending 12/2023	1.0	Director	$0	$0	$0
BRUCE FLANZ	DIRECTOR	1.0	Director	$0	$0	$0
LARAY BROWN	DIRECTOR Ending 12/2023	1.0	Director	$0	$0	$0
KENNETH GIBBS	DIRECTOR	1.0	Director	$0	$0	$0
GARY TERRINONI	DIRECTOR	1.0	Director	$0	$0	$0
COLLEEN BLYE	DIRECTOR	1.0	Director	$0	$0	$0
DAVID PERLSTEIN	DIRECTOR	1.0	Director	$0	$0	$0
JOHN ULBERG	DIRECTOR	1.0	Director	$0	$0	$0
ANDREW BROTMAN	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT FIELDS	DIRECTOR Ending 2/2023	1.0	Director	$0	$0	$0
BRENT ESTES	DIRECTOR Beginning 2/2023	1.0	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$2,010	$1,500	$259,110,755	$510
2022	$80	$2,303	$259,110,245	$-2,223
2021	No data	$1,069	$259,112,468	No data
2020	$840	$907	$259,113,537	$-67
2019	$3,169	$376	$259,113,604	$2,793
2018	$2,980,000	No data	$259,110,811	No data